COPT Defense Properties (NYSE:CDP) Announces Earnings Results, Beats Expectations By $0.33 EPS

COPT Defense Properties (NYSE:CDP) released its quarterly earnings data on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33, Zacks reports. COPT Defense Properties had a return on equity of 8.99% and a net margin of 18.34%. COPT Defense Properties updated its FY 2025 guidance to 2.620-2.700 EPS and its Q1 2025 guidance to 0.640-0.660 EPS.

COPT Defense Properties Stock Down 1.2 %

Shares of CDP stock traded down $0.36 during mid-day trading on Friday, reaching $29.38. 589,043 shares of the company’s stock traded hands, compared to its average volume of 821,450. The company has a market cap of $3.31 billion, a P/E ratio of 24.03 and a beta of 0.98. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.56. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $34.22. The company’s 50-day moving average price is $30.74 and its 200-day moving average price is $30.48.

COPT Defense Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.295 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 4.02%. COPT Defense Properties’s dividend payout ratio (DPR) is presently 96.72%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CDP shares. Evercore ISI raised their target price on COPT Defense Properties from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BTIG Research raised their price objective on shares of COPT Defense Properties from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Jefferies Financial Group cut their price objective on shares of COPT Defense Properties from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Truist Financial increased their price objective on COPT Defense Properties from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, COPT Defense Properties presently has an average rating of “Moderate Buy” and an average target price of $32.88.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.